Question
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.1 is considered optimal. Earnings for the period just ended
| Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.1 is considered optimal. Earnings for the period just ended were $1,500, and a dividend of $440 was declared. |
| How much in new debt was borrowed? |
| New borrowings | ?$ |
| What were total capital outlays? |
| Total capital outlays |
?$
|
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History Of Financial Institutions Essays On The History Of European Finance 1800–1950
Authors: Carmen Hofmann , Martin L. Müller
1st Edition
1138325007, 978-1138325005
